Ashiana Housing joined hands with Shriram Properties in order to develop a residential project in Kolkata. Ashiana Housing a real estate professional based in New Delhi and Shriram properties has been gracing its home turf Bengaluru from a very long time.
Officials of Ashiana Housing said in a BSE filing, “the company has entered into a development agreement with Bengal Shriram Hi Tech City Pvt Ltd (a group company of Shriram Properties Ltd), for development of senior living and regular housing project on a piece of land measuring 19.72 acres”.
With the total area of 18 lakh square feet worth selling, both the land developers are all set to explore out of their domain areas. Both the specialists are proceeding in this direction after acknowledging the increasing housing needs of senior citizens in society.
Towards the last quarter of financial year 2015, Ashian Housing raised upto Rs 200 crore through qualified institutional placements (QIP) from Goldman Sachs and Creador, who are the global investors.
Ashiana Housing is an expert in crafting housing units for senior citizens. Apart from developing housing units in Lavasa township project, this Delhi based realty expert has crafted marvels across Jaipur, Bhiwadi, Sohna-Gurgaon, Neemrana, Chennai, Kolkata and Jamshedpur.
Shriram Group owned Shriram Properties traces back its inception in 1995 when it had a mission in mind to create luxurious living spaces and state of the art housing units. With active presence across major parts of South India, Shriram Properties has covered upto 20 million square feet land area and 45.85 million square feet land is being covered right now.